13 Best New Stocks to Buy Now

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1. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 111

GE Vernova Inc. (NYSE:GEV) is one of the best new stocks to buy now. On June 30, GE Vernova announced that it is exploring the sale of its industrial software division called Proficy. This potential divestiture could fetch between $900 million and $1 billion for the company, according to Bloomberg.

The company is reaching out to both publicly traded companies with similar assets and private equity firms. But it’s important to note that these early-stage discussions may not necessarily result in a sale. GE Vernova is continuously capitalizing on the rising power demand, which is expected to reach higher levels in and beyond H2 this year.

GE Vernova reported strong Q1 2025 earnings for its electrification software, which includes Proficy. These earnings grew by ~9% year-over-year and reached $224 million. Earlier in June this year, GE Vernova Hitachi Nuclear Energy also announced plans to establish a $50 million small modular reactor/SMR engineering service center in the Durham area in Canada.

GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity.

While we acknowledge the potential of GEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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